Hanover: Economy & Jobs
Households in Hanover earn a median $-666,666,666, with homes at a median value of $-666,666,666. The surrounding county supports 59,513 jobs (avg $55,746).
Income & Affordability
Median household income $-666,666,666 — below the Virginia median ($92,968). Poverty rate 63.6% (U.S. average ~12.5%).
| Irs Income · IRS tax returns filed | $56,580 |
|---|---|
| Irs Income · Total Adjusted Gross Income (thousands) | $5,842,039 |
| Irs Income · Average AGI per return | $103,253 (vs Virginia $92,983) |
| Irs Income · Year | 2022 |
| Income Estimate | $124,781 |
| Median Household Income | $-666,666,666 (vs Virginia $92,968) |
| Poverty Rate | 63.6% |
Sources: IRS SOI 2022 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Employment & Workforce
Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 27.3% — above the U.S. average of ~4%.
| Commuter Profile · Mean Commute Min | 26.90 |
|---|---|
| Commuter Profile · Profile | moderate commute |
| Employment · Avg annual employment (county) | 59,513 |
| Employment · Total annual wages (county) | $3,317,623,112 |
| Employment · Average annual pay | $55,746 |
| Employment · Year | 2024 |
| State Occupation Wages · Year | 2023 |
| State Occupation Wages · All Occupations · Soc Code | 00-0000 |
| State Occupation Wages · All Occupations · Title | All Occupations |
| State Occupation Wages · All Occupations · Employment | 3,981,130 |
| Unemployment Rate | 27.3% (vs Virginia 2.9%) |
Sources: BLS QCEW 2023 · BLS Occupational Employment and Wage Statistics (OES) · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Industry Sectors
Major industries by establishment count from Census County Business Patterns (2022). Sectors are NAICS-coded; counts are county-wide employer establishments.
| Agriculture · Total Farms | 49 |
|---|---|
| Agriculture · Land In Farms Acres | 91,864 |
| Agriculture · Avg Farm Size Acres | 1,874.80 |
| Agriculture · Top Commodities | Crop Totals, Grain, Horticulture Totals, Corn, Soybeans |
| Agriculture · Year | 2022 |
| Business Patterns · Establishments (employer count) | 3,391 |
| Business Patterns · Total Employees | 50,248 |
| Business Patterns · Annual Payroll Thousands | 2,542,518 |
| Business Patterns · Year | 2022 |
Sources: USDA NASS Census 2022 — county FIPS matched · Census CBP API — county FIPS match
Local Business Mix
Retail and service businesses by category (Census CBP NAICS-coded). Counts cover the surrounding county, not just the town. Reflects the everyday commercial mix residents can access.
| Local Businesses · Grocery Stores | 14 |
|---|---|
| Local Businesses · Convenience Stores | 17 |
| Local Businesses · Liquor Stores | 5 |
| Local Businesses · Gas Stations | 41 |
| Local Businesses · General Merchandise | 10 |
| Local Businesses · Clothing Stores | 6 |
| Local Businesses · Pet Stores | 4 |
| Local Businesses · Electronics Stores | 7 |
Sources: Census CBP — NAICS detail codes
Dining Scene
Eating + drinking establishments by NAICS category (Census CBP 2022) — full-service restaurants, fast-food, bars, coffee shops. County-level counts.
| Dining Scene · Full Service Restaurants | 83 |
|---|---|
| Dining Scene · Fast Food | 84 |
| Dining Scene · Coffee Snacks | 15 |
Sources: Census CBP NAICS 722
Banking
FDIC-insured bank branches with addresses. Branch density correlates with population — fewer branches per resident in lower-density areas.
Branches (1)
SNAP & Food Access
USDA-authorized SNAP retailers — supermarkets, super stores, convenience stores, and other locations where SNAP benefits can be redeemed. Per-1K density tracks food access.
Sample (3)
| Nearest Snap · Name | Dollar General 19596 |
|---|---|
| Nearest Snap · Total In Area | 3 |
Chamber of Commerce
IRS-registered chamber of commerce organizations matched to this town. Reflects the IRS Exempt Organizations BMF; some chambers operate informally and may not appear here.
| Chamber Of Commerce · Name | HANOVER ASSOCIATION OF BUSINESSES AND CHAMBER OF COMMERCE |
|---|
Sources: IRS EO BMF · Refreshed 2026-04-12
Spending & Tax
Federal spending flowing to the surrounding county — direct payments, grants, contracts, loans (USAspending.gov).
| Federal Spending · Federal Spending Fy2024 | $926,994,984 |
|---|---|
| Federal Spending · Per Capita | 8,428.84 (vs Virginia $14,580) |
| Federal Spending · Population | 109,979 people (vs Virginia 42,214) |
Sources: USAspending API
Other
| Retirement Score · Median age | 64.6 years (vs Virginia 37.8y) |
|---|---|
| Retirement Score · Ss Household Pct | 36.4% |
| Retirement Score · Hospitals Nearby | 1 |
| Retirement Score · Va Access | Yes |
| Retirement Score · Factors | older population, strong SS base, hospital access, VA nearby |
| Retirement Score · Rating | excellent |